Crypto ETFs won’t lose ‘their luster’ as wallet adoption grows — Cathie Wood

Cathie Wood says crypto ETFs will not “lose a lot of their luster” and will stay around for those who just “wanna push a button.”

ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy, regardless of how widespread crypto wallet adoption becomes over the next decade.

“I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a button,” Wood said at the Solana Accelerate event in New York on May 23.

“So ETFs for those who want the convenience, I don’t think, will lose a lot of their luster,” she said. “But they will be a stepping stone into wallet-based.” Wood reiterated the extra layer of protection that crypto wallets provide:

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